Enable IPC Announces Successful Completion of Phase I Project Funded by National Science Foundation (NSF) SBIR/STTR Program G...
July 20 2011 - 9:00AM
Marketwired
Enable IPC Corporation (PINKSHEETS: EIPC) announced today that its
subsidiary, SolRayo, has completed work on its Small Business
Technology Transfer (STTR) grant from the National Science
Foundation (NSF) SBIR/STTR Program. Under the $150K grant won last
year, SolRayo developed a new, nanoparticle-based technology to
address an issue concerning the degradation of performance of
certain lithium batteries, particularly in high temperature
applications.
The extremely inexpensive and relatively simple technique
developed by SolRayo under the grant improved the lithium battery
cycle life (i.e., the number of charges and discharges the battery
can sustain) by a factor of three.
The NSF has approved SolRayo's final report, and the Company
plans to submit a Phase II proposal which, if approved, will
provide an additional $500,000 in funding over two years beginning
in early 2012. The Phase II program will be aimed at fully
commercializing the technology. STTR is a vital, US
government-funded, highly competitive small business program that
expands funding opportunities in the federal innovation research
and development arena. The goal of the STTR program is to fully
transfer the technologies and products from the laboratory to the
marketplace. The business profits from the commercialization,
which, in turn, stimulates the U.S. economy.
SolRayo CEO Dr. Mark Daugherty said, "Our research into this
technology showed that battery life can be significantly expanded
by using a simple, inexpensive nanoparticle coating process we have
developed. This could mean a large market opportunity for us in a
number of areas, most particularly in military, remote power and
transportation applications."
Kevin Leonard, Chief Technology Officer at SolRayo, commented,
"Our Phase I research shows that our process inhibits the
degradation of battery cathode materials, especially at higher
operating temperatures. This means that a battery's life could be
extended significantly by applying an inexpensive, nano-based
coating to one of the battery's key components."
"There has been some strong interest in the technology from
other companies," said David Walker, Enable IPC CEO and SolRayo's
Chief Operating Officer. "We have demonstrated the technology to
several interested battery and battery-materials companies --
ranging from a Fortune 100 company to a well-funded startup -- and
they have universally expressed an interest in the Phase II
outcomes."
About Enable IPC Corp. (Intellectual Property
Commercialization)
Enable IPC (http://www.enableipc.com) provides efficient,
streamlined strategies for turning technologies into products and
bringing them to market. The company seeks to turn technologies
into products and is a transparent, fair turnkey partner for
sub-licensing and joint development with other companies.
Forward-Looking Statements
This release may contain forward-looking statements, such as
"anticipate," "expects," "could" and similar terminology that are
made pursuant to the safe harbor provisions of the Private
Securities Reform Act of 1995. Forward-looking statements involve
known and unknown risks and uncertainties, which may cause a
company's actual results in the future to differ materially from
forecasted results. These risks and uncertainties include, among
other things, the ability to secure additional financing for the
company, changing economic conditions, business conditions, and the
risks inherent in the operations of a company.
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Contact: Technology inquiries: Dr. Mark Daugherty
mark.daugherty@solrayo.com or David Walker dwalker@enableipc.com
Investor Relations: Rich Kaiser (800) 631-8127 ir@enableipc.com
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